It is worth note, and is hopeful to note, that Bukele and/or his closer advisors put up something in the airport which is pure Bitcoin and no shitcoin.

My guess is that Bukele's justice system probably would hear a case and discharge the debt of a transaction paid in Bitcoin as long as it was mutually agreed between the transaction participants.  In that way it could be argued that Bitcoin is 'legal tender'.  Just not 'legal tender for all debts public and private.'  Of course the same could apply to a truck-load of eggs.

I know of plenty of instances where Bitcoin has been used to settle transactions in the country, but it's a hassle which the locals are not inclined to undergo unless it is worth it.  That is to say, multi-thousand dollar transactions which will occur only if BTC is accepted.  Generally the locals know BTC exists, but it's a confusing hassle from their perspective.  It's actually quite easy to get funds from the Chivo machines, but when these machines fail(?) and simply steal their money, it's nearly impossible to get support.  Any middle-men involved in a transaction are going to extract their pound of flesh, and that includes the Chivo operators (whoever they may be these days.)

The same pound of flesh thing happens in the normal banking system of course, and outrageous delays happen in higher value transactions such as buying a car.  The banks will sit on $50k and I suspect take interest on it for the full three weeks or whatever they are allowed.  But the people are used to it and indoctrinated enough to think it is normal (or even a good thing!)

If/when the peeps realize that using self-custody BTC can reduce $500 worth of bank fees and a 3 week wait down to a $0.11 fee and 20 min wait, El Salvador will be more primed than most to move in that direction assuming the government maintains support for doing so.  But this applies mainly to higher value professional work.  Most people cannot afford a pot to piss in, and transactions where real BTC makes the most sense are in a fairly rarefied category.  L2 BTC and shitcoins might make more sense for a bulk of transactions, but even then probably 1/3 of the peeps don't own a smartphone.

The upshot of the above is that Bukele's government seems to remain supportive of crypto and of real BTC in particular.  Hopefully they are just sitting on their hands until a good opportunity to allow adoption pops up, and I personally believe that such a thing is the best course of action.  We might not have to wait for to much longer for a good opportunity given the goings-on in Iran and what that will mean for systems built around the USD world reserve currency regime.

Well bitcoin as a asset has proven to be reliable, it shouldn't be a surprise when countries began to adopt the concept of utilizing bitcoin as a means for transactions. El Salvador becoming the first country to take that bold step is a great and surprising news for the world but we shouldn't forget that bitcoin has prove to be a reliable decentralized mechanism for global transactions.
We expect more countries to join the cue as the world adopts bitcoin as a true reliable global means of transactions.

I read the latest news that El Salvador was able to buy 8 BTC in 7 days. Until now, their total holdings have increased to 7,661.37 BTC. Purchases using the DCA system continue to be made until today. I am quite curious because they have not released a plan to sell them.

But if they don't sell, until when? Indeed, in the current condition of digital currency, El Salvador is very large. But if it is converted into fiat

[...]

It can make sense to sell a small portion, but very often this topic is discussed in a binary fashion: either own bitcoin or sell 100% of it. That doesn't make sense.

You are right, tiCeR..

Even smart people (including institutions and/or governments) can be quite retarded in regards to how they might accumulate bitcoin in the event that they even decide to get in, and even when they might act as if they are investing, they cannot get over some of the underlying "trading" inclinations, and tending to be dumbass ideas of selling some and buying back cheaper later, and they engage in selling (trading) as a way of accumulating bitcoin when they have not even gotten close to either building a decent enough stash size and/or they have not spent time sitting on their bitcoin, such as at least a whole cycle if not more.

There tends to be ONLY so much that can be done to save people (as well as institutions and/or governments) from themselves and their own likely failure to really look into the bitcoin matter beyond superficial ideas of number go up and/or their misconceptions that bitcoin is a relatively "mature" asset.

You are right, tiCeR..

Even smart people (including institutions and/or governments) can be quite retarded in regards to how they might accumulate bitcoin in the event that they even decide to get in, and even when they might act as if they are investing, they cannot get over some of the underlying "trading" inclinations, and tending to be dumbass ideas of selling some and buying back cheaper later, and they engage in selling (trading) as a way of accumulating bitcoin when they have not even gotten close to either building a decent enough stash size and/or they have not spent time sitting on their bitcoin, such as at least a whole cycle if not more.

There tends to be ONLY so much that can be done to save people (as well as institutions and/or governments) from themselves and their own likely failure to really look into the bitcoin matter beyond superficial ideas of number go up and/or their misconceptions that bitcoin is a relatively "mature" asset.